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I thought SPS was supported by local property tax revenues; why are state cuts affecting the budget?

April 26, 2017budget cuts local revenues SPS State supported

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I thought SPS was supported by local property tax revenues; why are state cuts affecting the budget?

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While local property tax revenues do represent a significant portion of the district’s revenue, SPS receives more than 20% of its revenue from the state. The bulk of state funding comes via the foundation formula (including money generated through the lottery and casinos) and sales taxes. SPS also receives state funding for “categoricals” which include items such as transportation and Parents As Teachers.